Smart Cities Market by Focus Area, Smart Transportation, Smart Buildings, Smart Utilities, Smart Citizen Services and Region - Global Forecast to 2031

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Malaysia Smart Cities Market to Grow on Account
of Increasing Urbanization in the Nation Market
to Grow with a CAGR of 24.12 During
2021-2030 Kenneth Research has released a
report titled Malaysia Smart Cities Market
Demand Analysis Opportunity Outlook 2030 which
also includes some of the prominent market
analyzing parameters such as industry growth
drivers, restraints, supply and demand risk,
along with the impact of COVID-19 and a detailed
discussion on the latest trends and future
opportunities that are associated with the growth
of the market. In one of the statistics by the
World Bank, the urban population in Malaysia
touched 24973604 in the year 2020, up from
20002877 in the year 2010. Moreover, during the
same period, the urban population as a share of
the total population in the nation, grew from
70.912 to 77.16. Download Sample Reports from
Here - https//www.kennethresearch.com/sample-req
uest-10352349 The statistics portray the
growing urbanization in Malaysia, which is
driving the need amongst the government of the
nation to address the several social- economic
issues associated with urbanization, such as
overcrowding, traffic congestion, shortage of
affordable housing, and environmental degradation
among others. Smart city infrastructure helps in
addressing these issues as the infrastructure
model consists of several components that focus
on smart economy, living, environment, people,
government, mobility, and smart
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digital infrastructure. Such a factor is
therefore anticipated to drive the growth of the
Malaysia smart cities market in the coming
years. The Malaysia smart cities market is
anticipated to grow with a CAGR of 24.12 over
the forecast period, i.e., 2021 2030. The
market is estimated to garner a revenue of USD
118.69 Billion by the end of 2030. Additionally,
in the year 2020, the market in the nation
generated a revenue of USD 15.05 Billion. The
market is segmented by functional area into smart
transportation, smart citizen services, smart
building, smart utilities, and others. The smart
citizen services segment, amongst all the other
segments, is anticipated to garner the largest
revenue of USD 53.17 Billion by the end of 2030,
up from a revenue of USD 5.66 Billion in the year
2020. However, the rising concern for
cybercrimes and the high cost of implementation
of smart city projects are some of the major
factors predicted to hinder the growth of the
market in the coming years. This report also
provides the existing competitive scenario of
some of the key players of the Malaysia smart
cities market, which includes company profiling
of General Electric, Schneider Electric, IBM
Corporation, ABB Ltd., Cisco Systems Inc.,
Siemens AG, Microsoft Corporation, Huawei
Technologies Co., Ltd., NEC Corporation,
Honeywell International Inc., and others.
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The profiling enfolds key information of the
companies which comprises of business overview,
products and services, key financials and recent
news and developments. Conclusively, the report
titled Malaysia Smart Cities Market Demand
Analysis Opportunity Outlook 2030, analyses
the overall Malaysia smart cities industry to
help new entrants to understand the details of
the market. In addition to that, this report also
guides existing players looking for expansion
and major investors looking for investment in
the Malaysia smart cities market in the near
future. Request Sample Reports from Here -
https//www.kennethresearch.com/sample-request-103
52349 Kenneth Research is a leading service
provider for strategic market research and
consulting. We aim to provide unbiased,
unparalleled market insights and industry
analysis to help industries, conglomerates and
executives to take wise decisions for their
future marketing strategy, expansion and
investment, etc. We believe every business can
expand to its new horizon, provided a right
guidance at a right time is available through
strategic minds. Our out of box thinking helps
our clients to take wise decision so as to avoid
future uncertainties.
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